Adjusting entries for accrued salaries

Stenberg Realty Co$.$ pays weekly salaries of $$29,000$ on Friday for a five$-$day workweek ending on that day.

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a$.$ Journalize the necessary adjusting entry at the end of the accounting period assuming that the period ends on Wednesday.

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Salaries Expense

Salaries Payable

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Determine the salaries per day based on a five$-$day work week. Then, multiply that amount by the number of day you need to accrue the wages for.

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b$.$ Journalize the necessary adjusting entry at the end of the accounting period assuming that the period ends on Thursday.

blankAccountDebitCredit

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Salaries Expense

Salaries Payable